Exhibit 99.1

UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE


In re FEDDERS NORTH AMERICA, INC., et al. Case No.: 07-11176

Reporting Period: June 2008

MONTHLY OPERATING REPORT
file with the court and submit a copy to United States Trustee within 45 days after end of month

Submit copy of report to any official committee appointed in the case.


		Document	Explanation
REQUIRED DOCUMENTS	Form No.	Attached	Attached
Schedule of Cash Receipts and Disbursements	MOR-1	X
Bank Reconciliations (or copies of debtor’s bank reconciliations)	MOR-1a		X
Schedule of Professional Fees Paid	MOR-1b	X
Copies of bank statements			X
Cash disbursements journals			X
Statement of Operations	MOR-2	X
Balance Sheet	MOR-3	X
Status of Post petition Taxes	MOR-4		X
Copies of IRS Form 6123 or payment receipt			X
Copies of tax returns filed during reporting period			X
Summary of Unpaid Post petition Debts	MOR-4	X
Listing of aged accounts payable		X
Accounts Receivable Reconciliation and Aging	MOR-5	X
Debtor Questionnaire	MOR-5	X

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.



/s/ Robert Laurent Signature of Debtor				August 18, 2008 Date

Signature of Joint Debtor				Date

Signature of Authorized Individual*				Date

Robert Laurent				Chief Financial Officer
Printed Name of Authorized Individual				Title of Authorized Individual


*		Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtoris a partnership; a manager or member if debtor is a limited liability company.

NOTES TO MONTHLY OPERATING REPORTS

Presentation

The Debtors’ monthly operating reports have not been audited, are subject to change and have been prepared as required by the Office of the United States Trustee. The monthly operating reports have not been prepared to provide financial information specifically relating to any outstanding securities of the Debtors, or any of their respective affiliates. The results of operations reflected in these reports do not, and are not intended to provide a complete report regarding the results of operations of Fedders Corporation and subsidiaries on a consolidated basis for the period reported.

Intercompany Transactions

Intercompany transactions as presented in these reports are subject to possible timing differences resulting from the timing of balance sheet recognition by each entity.

The Monthly Operating Reports generally reflect the results of operations and financial position of the Debtors and ongoing arrangements between Fedders Corporation and one or more of the Debtors, or between the Debtors, in the same manner as such arrangements were reported historically. The treatment of these arrangements may be subject to challenge in the bankruptcy case. Such arrangements, and the manner in which they are treated or required to be reported in the bankruptcy case, could have a material impact on the respective assets, liabilities and results of operations of Fedders Corporation and/or one or more of the Debtors and any financial presentation thereof.

Income Taxes

The Debtors account for income taxes on a consolidated basis for purposes of consolidated reporting and do not account for income taxes by legal entity. Accordingly, the provision for income taxes and the income tax asset or liability in the accompanying statement of operations and balance sheet, respectively, do not necessarily reflect the entity’s current income tax position for the period being presented.

Pre-Petition Liabilities

As a result of certain First Day Orders entered by the Bankruptcy Court, the Debtors were authorized to pay certain pre-petition liabilities. The liabilities, which primarily included wages, salaries and other compensation and certain fiduciary taxes, are no longer subject to compromise. Pre-petition liabilities, as presented on the Balance Sheet (MOR-3), exclude these liabilities.

Reporting Entities

This Monthly Operating Report reflects

	1.		Fedders Holding Company and Fedders Investment Corporation are inactive entities;

	2.		Operating results for Island Metal Fabricating Inc. are included with the operating results for Fedders Islandaire, Inc. Fedders Islandaire was sold in January, 2008;

	3.		Fedders Addison Company, Inc. was sold in February, 2008;

	4.		Operating Results for Trion, Inc. include Envirco Corporation and Herrmidifier Company, Inc. Trion and its affiliates was sold in June, 2008 and;

	5.		“Total Company” results include both Debtor and Non-Debtor entities.

CONTENTS


I.		Statement of Operations
II.		Balance Sheet
III.		Schedule of Cash Receipts and Disbursements
IV.		Disbursement Summary by Legal Entity
V.		Schedule of Aged Accounts Receivable
VI.		Schedule of Aged Accounts Payable
VII.		Schedule of Advisory Fees Paid
VIII.		Book Balance Detail for Cash Accounts
IX.		Debtor Questionnaire
X.		Attestations Regarding Monthly Operating Report

Fedders North America Inc., et al.
I. Statement of Operations for the Month Ending 06/30/2008
($000’s)


	Fedders North			Columbia Specialties			Emerson Quiet			Envirco			Eubank Coil			Fedders Addison			Fedders			Fedders Holding
	America, Inc.			Inc.			Kool Corporation			Corporation			Company			Company, Inc.			Corporation			Company, Inc.			Fedders Inc.
	07-11176			07-11177			07-11178			07-11179			07-11180			07-11181			07-11182			07-11183			07-11184
Gross Sales	$	—		$	—		$	16		$	—		$	—		$	—		$	—		$	—		$	—
Sales-Intercompany		—			—			—			—			—			—			—			—			—
Sales Deductions		—			—			(22	)		—			—			(7	)		—			—			—
Net Sales	$	—		$	—		$	(6	)	$	—		$	—		$	(7	)	$	—		$	—		$	—

Standard Cost of Sales		—			—			581			—			—			58			—			—			—

Gross Profit		—			—			(587	)		—			—			(65	)		—			—			—

% of Net Sales		0.0	%		0.0	%		83.3	%		0.0	%		-60.3	%		9.4	%		0.0	%		0.0	%		16.3	%

Operating Expenses:
Administrative		4			—			26			—			—			28			317			—			1
Advertising		—			—			—			—			—			—			—			—			—
Selling		—			—			9			—			—			41			—			—			1
Shipping & Warehousing		—			—			67			—			4			3			—			—			—
Research & development		5			—			18			—			—			30			—			—			—
Amortization Expense		—			—			—			—			—			—			—			—			—
Goodwill Impairment		—			—			—			—			—			—			—			—			—

Total Operating Expenses		9			—			120			—			4			102			317			—			2

Advisory costs		—			—			—			—			—			—			885			—			—
Restructuring Expense		—			—			—			—			—			—			—			—			—

Operating Income (Loss)		(9	)		—			(707	)		—			(4	)		(167	)		(1,202	)		—			(2	)

Corporate Overhead		—			—			—			—			—			—			—			—			—
Net Use Assets Charge		—			—			—			—			—			—			—			—			—
Unconsolidated JV income(loss)		—			—			—			—			—			—			—			—			—
Partner’s JV Interest		—			—			—			—			—			—			—			—			—
Net Interest Expense		46			—			—			—			(12	)		—			630			—			—
Other Expense(inc)		761			—			(779	)		—			—			(84	)		(763	)		—			1
Management Fees(inc)		—			—			—			—			—			—			—			—			—

Income before income taxes		(816	)		—			72			—			8			(83	)		(1,069	)		—			(3	)

Income Taxes		—			—			—			—			—			—			—			—			—

Net income(loss)	$	(816	)	$	—		$	72		$	—		$	8		$	(83	)	$	(1,069	)	$	—		$	(3	)



EBITDA	$	11		$	—		$	(705	)	$	—		$	(1	)	$	(167	)	$	(317	)	$	—		$	(2	)

Fedders North America Inc., et al.
I. Statement of Operations for the Month Ending 06/30/2008
($000’s)


				Fedders
	Fedders			Investment			Fedders Islandaire,			Fedders Outlet,			Herrmidifier			Island Metal			Rotorex Company
	International, Inc.			Corporation			Inc.			Inc.			Company			Fabricating, Inc.			Inc.			Trion, Inc.			Total			Total
	07-11185			07-11186			07-11187			07-11188			07-11189			07-11190			07-11191			07-11192			Debtors			Company
Gross Sales	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	917		$	933		$	1,826
Sales-Intercompany		—			—			—			—			—			—			—			—			—			—
Sales Deductions		—			—			—			—			—			—			—			(18	)		(47	)		(143	)
Net Sales	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	899		$	886		$	1,683

Standard Cost of Sales		—			—			—			—			—			—			—			719			1,358			2,343

Gross Profit		—			—			—			—			—			—			—			180			(472	)		(660	)

% of Net Sales		0.0	%		0.0	%		22.2	%		0.0	%		0.0	%		0.0	%		0.0	%		7.0	%		6.0	%		-39.2	%

Operating Expenses:
Administrative		—			—			—			—			—			—			65			86			527			813
Advertising		—			—			—			—			—			—			—			6			6			9
Selling		—			—			—			—			—			—			—			81			132			218
Shipping & Warehousing		—			—			—			—			—			—			—			15			89			102
Research & development		—			—			—			—			—			—			—			34			87			129
Amortization Expense		—			—			—			—			—			—			—			4			4			8
Goodwill Impairment		—			—			—			—			—			—			—			—			—			—

Total Operating Expenses		—			—			—			—			—			—			65			226			845			1,279

Advisory costs		—			—			—			—			—			—			—			—			885			885
Restructuring Expense		—			—			—			—			—			—			—			—			—			2,048

Operating Income (Loss)		—			—			—			—			—			—			(65	)		(46	)		(2,202	)		(4,872	)
Corporate Overhead		—			—			—			—			—			—			—			—			—			—
Net Use Assets Charge		—			—			—			—			—			—			—			—			—			—
Unconsolidated JV income(loss)		—			—			—			—			—			—			—			—			—			—
Partner’s JV Interest		—			—			—			—			—			—			—			—			—			—
Net Interest Expense		—			—			—			—			—			—			—			(14	)		650			656
Other Expense(inc)		—			—			(1,058	)		—			—			—			—			8,852			6,930			9,826
Management Fees(inc)		—			—			—			—			—			—			—			—			—			—

Income before income taxes		—			—			1,058			—			—			—			(65	)		(8,884	)		(9,782	)		(15,354	)


Income Taxes		—			—			—			—			—			—			—			—			—			—

Net income(loss)	$	—		$	—		$	1,058		$	—		$	—		$	—		$	(65	)	$	(8,884	)	$	(9,782	)	$	(15,354	)



EBITDA	$	—		$	—		$	—		$	—		$	—		$	—		$	(35	)	$	(24	)	$	(1,240	)	$	(1,833	)

Fedders North America, Inc. et al.
II. Balance Sheet as of 06/30/2008
($000’s)


	Fedders North			Columbia		Emerson Quiet			Envirco		Eubank Coil			Fedders Addison		Fedders			Fedders Holding
	America, Inc.			Specialties Inc.		Kool Corporation			Corporation		Company			Company, Inc.		Corporation			Company, Inc.		Fedders Inc.
	07-11176			07-11177		07-11178			07-11179		07-11180			07-11181		07-11182			07-11183		07-11184
ASSETS:
Cash	$	—		$	—	$	8		$	—	$	—		$	1	$	29,722		$	—	$	214
Marketable Securities		—			—		—			—		—			—		—			—		—
Gross Receivables		—			—		1,864			—		—			—		—			—		303
Less:Allowance		—			—		(401	)		—		—			—		—			—		(250	)

Net Accounts Receivable		—			—		1,463			—		—			—		—			—		53

Inventories:
Finished goods		66			—		625			—		—			—		—			—		—
Work in progress		—			—		—			—		—			—		—			—		—
Raw Materials		99			—		—			—		—			—		—			—		—
Service Parts		—			—		545			—		—			—		—			—		—
Supplies		—			—		—			—		—			—		—			—		—
Freight & Duty		—			—		—			—		—			—		—			—		—
In-Transit Inventory		—			—		5			—		—			—		—			—		—

Gross Inventory		165			—		1,175			—		—			—		—			—		—
Less inventory reserves		(165	)		—		(835	)		—		—			—		—			—		—

Net Inventory		—			—		340			—		—			—		—			—		—
Deferred Tax Benefit		—			—		—			—		—			—		—			—		—
Asset held for sale		—			—		—			—		—			—		—			—		—
Prepaids/Other assets		22			—		184			—		—			300		3,787			—		20

Total Current Asset		22			—		1,995			—		—			301		33,509			—		287

Investment in Subsidiaries 1		7,213			—		7,867			—		—			—		26,931			—		—
Property,Plant & Equipment
Land		80			—		—			—		—			—		—			—		—
Land Improvement		291			—		—			—		45			—		—			—		—
Buildings		7,808			—		—			—		1,008			—		—			—		—
Leasehold improvement		—			—		47			—		—			—		1,262			—		—
Machinery & Equipment		5,528			—		275			—		347			—		884			—		7
Furniture & Fixture		44			—		464			—		132			—		1,228			—		87
Auto & Trucks		16			—		—			—		—			—		—			—		—
Jigs & Dies		6,330			—		—			—		5			—		—			—		—
Construction in Progress		—			—		—			—		—			—		—			—		—

Gross P.P.& E.		20,097			—		786			—		1,537			—		3,374			—		94
Accumulated Depreciation		(17,199	)		—		(730	)		—		(875	)		—		(3,370	)		—		(95	)

Net P.P.& E.		2,898			—		56			—		662			—		4			—		(1	)

Other long term assets:
Deferred Tax Benefit		—			—		—			—		—			—		—			—		—
Goodwill		—			—		—			—		—			—		—			—		—
Other Intangibles		8			—		—			—		—			—		—			—		—
Other Assets		3,190			—		—			—		2			—		14,022			—		1

Total Assets	$	13,331		$	—	$	9,918		$	—	$	664		$	301	$	74,466		$	—	$	287


¹		Does not reflect eliminations between the Debtor entities

Fedders North America, Inc. et al.
II. Balance Sheet as of 06/30/2008
($000’s)


	Fedders North			Columbia			Emerson Quiet Kool								Fedders Addison						Fedders Holding
	America, Inc.			Specialties Inc.			Corporation			Envirco Corporation		Eubank Coil Company			Company, Inc.			Fedders Corporation			Company, Inc.		Fedders Inc.
	07-11176			07-11177			07-11178			07-11179		07-11180			07-11181			07-11182			07-11183		07-11184
LIABILITIES & EQUITY:
Short Term Notes	$	—		$	—		$	—		$	—	$	—		$	—		$	750		$	—	$	—
Current Portion of L/T debt		—			—			—			—		—			—			—			—		—
Accounts Payable		88			—			158			—		13			—			2,708			—		37
Accrued Expenses:		—			—			—			—		—			—			—			—		—
Salaries & Wages		104			—			63			—		7			—			1,801			—		2
Payroll Taxes		—			—			1			—		(1	)		—			—			—		—
Total Accrued Expenses		93			—			577			—		35			—			8,660			—		20
Other Current Liabilities		—			1			—			—		—			1			2			—		—

Total Current Liab-Post Petition		285			1			799			—		54			1			13,921			—		59

Intercompany Accounts		(3,573	)		(12	)		(11,780	)		—		(2,097	)		(12,340	)		63,812			—		(526	)
Long Term Debt		—			—			—			—		—			—			—			—		—

Other L/T Liabilities:
Deferred Income Taxes		—			—			—			—		—			—			—			—		—
Other L/T Liabilities		—			—			—			—		—			—			—			—		—

Pre-Petition Intercompany Acccounts		(406,938	)		5,613			60,562			—		30,081			7,353			262,850			—		(18,727	)
Liabilities Subject to Compromise		160,792			86			10,387			—		325			2,674			62,301			—		3,749

Total Liabilities		(249,434	)		5,688			59,968			—		28,363			(2,312	)		402,884			—		(15,445	)

Stockholders Equity:
Preferred Stock		—			—			—			—		—			—			411			—		—
Common Stock		5			—			—			—		1			—			3,188			—		—
Class A Stock		—			—			—			—		—			—			4,346			—		—
Class B Stock		—			—			—			—		—			—			739			—		—
Warrants-Common Stock		—			—			—			—		—			—			1,000			—		—
Paid in Capital		47,018			—			(4,842	)		—		999			7,814			(34,461	)		—		4,842
Retained Earning-prior		214,170			(5,698	)		(40,042	)		—		(29,283	)		(7,736	)		(254,087	)		—		10,800
Current Month Net Income(Loss)		1,572			10			(5,260	)		—		584			2,535			(12,522	)		—		73
Dividends Declared		—			—			—			—		—			—			—			—		—
Treasury Stock Sold		—			—			—			—		—			—			(11,412	)		—		—
Deferred Compensation		—			—			—			—		—			—			—			—		—
Treasury stock		—			—			—			—		—			—			(25,620	)		—		—
Currency Translation Adjustment		—			—			94			—		—			—			—			—		17

Total Stockholder’s equity		262,765			(5,688	)		(50,050	)		—		(27,699	)		2,613			(328,418	)		—		15,732


Total liabilities & equity	$	13,331		$	—		$	9,918		$	—	$	664		$	301		$	74,466		$	—	$	287

Fedders North America, Inc. et al.
II. Balance Sheet as of 06/30/2008
($000’s)


	Fedders			Fedders Investment		Fedders Islandaire,		Fedders		Herrmidifier		Island Metal		Rotorex
	International, Inc.			Corporation		Inc.		Outlet, Inc.		Company		Fabricating, Inc.		Company Inc.			Trion, Inc.		Total			Total
	07-11185			07-11186		07-11187		07-11188		07-11189		07-11190		07-11191			07-11192		Debtors			Company
ASSETS:
Cash	$	97		$	—	$	2	$	—	$	—	$	—	$	—		$	—	$	30,044		$	30,965
Marketable Securities		—			—		—		—		—		—		—			—		—			—
Gross Receivables		444			—		—		—		—		—		—			—		2,611			8,969
Less:Allowance		(9	)		—		—		—		—		—		—			—		(660	)		(5,524	)

Net Accounts Receivable		435			—		—		—		—		—		—			—		1,951			3,445

Inventories:
Finished goods		42			—		—		—		—		—		—			—		733			3,088
Work in progress		—			—		—		—		—		—		—			—		—			813
Raw Materials		72			—		—		—		—		—		—			—		171			11,347
Service Parts		5			—		—		—		—		—		—			—		550			646
Supplies		—			—		—		—		—		—		—			—		—			87
Freight & Duty		—			—		—		—		—		—		—			—		—			1
In-Transit Inventory		—			—		—		—		—		—		—			—		5			40

Gross Inventory		119			—		—		—		—		—		—			—		1,459			16,022
Less inventory reserves		(151	)		—		—		—		—		—		—			—		(1,151	)		(14,009	)

Net Inventory		(32	)		—		—		—		—		—		—			—		308			2,013
Deferred Tax Benefit		—			—		—		—		—		—		—			—		—			2,240
Asset held for sale		—			—		—		—		—		—		—			—		—			(514	)
Prepaids/Other assets		869			—		—		—		—		—		34			—		5,216			5,141

Total Current Asset		1,369			—		2		—		—		—		34			—		37,519			43,290

Investment in Subsidiaries 1		21,144			—		—		—		—		—		—			—		63,155			1

Property,Plant & Equipment
Land		—			—		—		—		—		—		468			—		548			548
Land Improvement		—			—		—		—		—		—		903			—		1,239			1,239
Buildings		—			—		—		—		—		—		10,770			—		19,586			21,042
Leasehold improvement		—			—		—		—		—		—		—			—		1,309			1,968
Machinery & Equipment		4			—		—		—		—		—		4,112			—		11,157			26,036
Furniture & Fixture		41			—		—		—		—		—		889			—		2,885			3,611
Auto & Trucks		—			—		—		—		—		—		—			—		16			857
Jigs & Dies		—			—		—		—		—		—		321			—		6,656			6,656
Construction in Progress		—			—		—		—		—		—		—			—		—			15

Gross P.P.& E.		45			—		—		—		—		—		17,463			—		43,396			61,972
Accumulated Depreciation		(44	)		—		—		—		—		—		(12,712	)		—		(35,025	)		(53,442	)

Net P.P.& E.		1			—		—		—		—		—		4,751			—		8,371			8,530

Other long term assets:
Deferred Tax Benefit		—			—		—		—		—		—		—			—		—			—
Goodwill		—			—		—		—		—		—		—			—		—			—
Other Intangibles		—			—		—		—		—		—		—			—		8			8
Other Assets		283			—		—		—		—		—		—			1		17,499			18,065

Total Assets	$	22,797		$	—	$	2	$	—	$	—	$	—	$	4,785		$	1	$	126,552		$	69,894


¹		Does not reflect eliminations between the Debtor entities

Fedders North America, Inc. et al.
II. Balance Sheet as of 06/30/2008
($000’s)


	Fedders			Fedders Investment		Fedders Islandaire,			Fedders		Herrmidifier		Island Metal		Rotorex
	International, Inc.			Corporation		Inc.			Outlet, Inc.		Company		Fabricating, Inc.		Company Inc.			Trion, Inc.			Total			Total
	07-11185			07-11186		07-11187			07-11188		07-11189		07-11190		07-11191			07-11192			Debtors			Company
LIABILITIES & EQUITY:

Short Term Notes	$	—		$	—	$	—		$	—	$	—	$	—	$	—		$	—		$	750		$	6,705
Current Portion of L/T debt		—			—		—			—		—		—		—			—			—			119
Accounts Payable		2			—		—			—		—		—		2			—			3,008			34,887
Accrued Expenses:		—			—		—			—		—		—		—			—			—			—
Salaries & Wages		341			—		—			—		—		—		—			—			2,318			3,301
Payroll Taxes		10			—		—			—		—		—		—			—			10			(352	)
Total Accrued Expenses		5			—		(112	)		—		—		—		18			—			9,296			13,556
Other Current Liabilities		—			—		—			—		—		—		1			—			5			138

Total Current Liab-Post Petition		358			—		(112	)		—		—		—		21			—			15,387			58,354

Intercompany Accounts		223			—		(924	)		—		—		—		429			(8,864	)		24,348			(1,593	)
Long Term Debt		—			—		—			—		—		—		—			—			—			1,089

Other L/T Liabilities:
Deferred Income Taxes		—			—		—			—		—		—		—			—			—			(452	)
Other L/T Liabilities		—			—		—			—		—		—		—			—			—			(32	)
Pre-Petition Intercompany Acccounts		58,233			—		5,073			—		—		—		2,759			21,390			28,249			1,596
Liabilities Subject to Compromise		1,254			—		4,188			—		—		—		—			1,930			247,686			247,686

Total Liabilities		60,068			—		8,225			—		—		—		3,209			14,456			315,670			306,648

Stockholders Equity:
Preferred Stock		—			—		—			—		—		—		—			—			411			21
Common Stock		—			—		5			—		—		—		—			1,522			4,721			975
Class A Stock		—			—		—			—		—		—		—			—			4,346			—
Class B Stock		—			—		—			—		—		—		—			—			739			25
Warrants-Common Stock		—			—		—			—		—		—		—			—			1,000			1,000
Paid in Capital		3,410			—		—			—		—		—		62,350			814			87,944			109,277
Retained Earning-prior		(40,665	)		—		6,035			—		—		—		(60,382	)		(8,993	)		(215,881	)		(264,576	)
Current Month Net Income(Loss)		(1	)		—		(14,263	)		—		—		—		(392	)		(8,167	)		(35,831	)		(51,633	)
Dividends Declared		—			—		—			—		—		—		—			247			247			—
Treasury Stock Sold		—			—		—			—		—		—		—			—			(11,412	)		(11,412	)
Deferred Compensation		—			—		—			—		—		—		—			—			—			—
Treasury stock		—			—		—			—		—		—		—			—			(25,620	)		(24,276	)
Currency Translation Adjustment		(15	)		—		—			—		—		—		—			122			218			3,845

Total Stockholder’s equity		(37,271	)		—		(8,223	)		—		—		—		1,576			(14,455	)		(189,118	)		(236,754	)


Total liabilities & equity	$	22,797		$	—	$	2		$	—	$	—	$	—	$	4,785		$	1		$	126,552		$	69,894

Fedders North America, Inc. et al.
III. Schedule of Receipts and Disbursements for the Month Ending 06/30/2008
($ in 000’s)


						Emerson Quiet
	Fedders North			Columbia		Kool		Envirco			Eubank Coil		Fedders Addison		Fedders		Fedders Holding
	America, Inc.			Specialties Inc.		Corporation		Corporation			Company		Company, Inc.		Corporation		Company, Inc.		Fedders, Inc. 1
	07-11176			07-11177		07-11178		07-11179			07-11180		07-11181		07-11182		07-11183		07-11184
Receipts and Disbursements

Collections	$	—		$	—	$	213	$	—		$	—	$	533	$	27,814	$	—	$	—

Operating Disbursements

Employee Costs		13			—		24		4			—		167		216		—		1
China Purchases-Ningbo (Intercompany)		—			—		—		—			—		—		—		—		—
China Purchases-Suzhou (Intercompany)		—			—		—		—			—		—		—		—		—
China Transfers-Qingpu (Intercompany)		—			—		—		—			—		—		—		—		—
Material Costs		—			—		—		—			—		—		—		—		—
Freight/Duty		0			—		3		3			—		—		2		—		—
Utilities		19			—		—		—			—		—		2		—		—
Machinery & Equip		—			—		—		—			—		—		2		—		—
Facility Costs		48			—		—		3			—		—		17		—		—
IT/Telecom		4			—		0		0			—		—		51		—		—
Insurance		—			—		7		—			—		—		6		—		—
Taxes		—			—		—		—			—		—		—		—		—
Other		2			—		32		—			—		—		150		—		0

		85			—		66		11			—		167		446		—		1

Operating Cash Flow		(85	)		—		147		(11	)		—		366		27,368		—		(1	)

Non-Operating Disbursements

Interest/ Fees		—			—		—		—			—		—		—		—		—
Restructuring Fees		—			—		—		—			—		—		1,208		—		19
Deposits		—			—		—		—			—		—		—		—		—

		—			—		—		—			—		—		1,208		—		19


Net Cash Generated (Used)	$	(85	)	$	—	$	147	$	(11	)	$	—	$	366	$	26,160	$	—	$	(20	)


¹		Collections for Fedders Inc. are captured in Emerson Quiet Kool Corporation

Fedders North America, Inc. et al.
III. Schedule of Receipts and Disbursements for the Month Ending 06/30/2008
($ in 000’s)


			Fedders
	Fedders		Investment		Fedders		Fedders		Herrmidifier		Island Metal		Rotorex
	International, Inc.		Corporation		Islandaire, Inc.		Outlet, Inc.		Company		Fabricating, Inc.		Company Inc.		Trion, Inc.		Total
	07-11185		07-11186		07-11187		07-11188		07-11189		07-11190		07-11191		07-11192		Debtors
Receipts and Disbursements

Collections	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	1,109	$	29,669

Operating Disbursements

Employee Costs		—		—		—		—		—		—		—		290		715
Material Costs		—		—		—		—		—		—		—		—		—
China Purchases-Ningbo (Intercompany)		—		—		—		—		—		—		—		255		255
China Purchases-Suzhou (Intercompany)		—		—		—		—		—		—		—		—		—
China Transfers-Qingpu (Intercompany)		—		—		—		—		—		—		—		188		188
Freight/Duty		—		—		—		—		—		—		—		85		94
Utilities		—		—		—		—		—		—		—		1		22
Machinery & Equip		—		—		—		—		—		—		—		7		9
Facility Costs		—		—		—		—		—		—		—		4		71
IT/Telecom		—		—		—		—		—		—		—		1		56
Insurance		—		—		—		—		—		—		—		—		13
Taxes		—		—		—		—		—		—		—		1		1
Other		—		—		—		—		—		—		—		26		210

		—		—		—		—		—		—		—		858		1,635

Operating Cash Flow		—		—		—		—		—		—		—		251		28,034

Non-Operating Disbursements

Interest		—		—		—		—		—		—		—		—		—
Restructuring Fees		—		—		—		—		—		—		—		—		1,227
Deposits		—		—		—		—		—		—		—		—		—

		—		—		—		—		—		—		—		—		1,227


Net Cash Generated (Used)	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	251	$	26,807

Fedders North America, Inc. et al.
IV. Disbursements by Legal Entity for the Month Ending 06/30/2008
($000’s)


				Cumulative Post-
				Petition
Legal Entity	Case Number	Jun-08		Disbursements
Fedders North America, Inc.	07-11176	$	85	$	2,839
Columbia Specialties, Inc. ¹	07-11177		—		—
Emerson Quiet Kool Corporation	07-11178		66		5,089
Envirco Corporation ²	07-11179		11		270
Eubank Coil Company	07-11180		—		599
Fedders Addison Company, Inc.	07-11181		167		9,824
Fedders Corporation	07-11182		1,654		23,004
Fedders Holding Company, Inc. ¹	07-11183		—		—
Fedders, Inc.	07-11184		20		753
Fedders International, Inc. ¹	07-11185		—		—
Fedders Investment Corporation ¹	07-11186		—		—
Fedders Islandaire, Inc.	07-11187		—		12,053
Fedders Outlet, Inc. ¹	07-11188		—		—
Herrmidifier Company, Inc. ²	07-11189		—		—
Island Metal Fabricating, Inc. ³	07-11190		—		—
Rotorex Company, Inc.	07-11191		—		—
Trion, Inc.	07-11192		858		18,843

Total Debtor Disbursements		$	2,862	$	73,275


¹		Inactive Entity with no operating activity

²		Included within Trion, Inc.

³		Included within Fedders Islandaire, Inc.

Fedders North America, Inc. et al.
V. Accounts Receivable Reconciliation and Aging as of 6/30/2008
($000’s)


		Days Old
Legal Entity	Case Number	less than 30			31-60		61-90			91+		Total
Fedders North America, Inc.	07-11176	$	—		$	—	$	—		$	—	$	—
Columbia Specialties, Inc.	07-11177		—			—		—			—		—
Emerson Quiet Kool Corporation	07-11178		(505	)		7		(36	)		2,398		1,864
Envirco Corporation.	07-11179		—			—		—			—		—
Eubank Coil Company	07-11180		—			—		—			—		—
Fedders Addison Company, Inc.	07-11181		—			—		—			—		—
Fedders Corporation	07-11182		—			—		—			—		—
Fedders Holding Company, Inc.	07-11183		—			—		—			—		—
Fedders, Inc.	07-11184		(10	)		1		—			312		303
Fedders International, Inc. ²	07-11185		—			—		—			444		444
Fedders Investment Corporation	07-11186		—			—		—			—		—
Fedders Islandaire, Inc.	07-11187		—			—		—			—		—
Fedders Outlet, Inc.	07-11188		—			—		—			—		—
Herrmidifier Company, Inc.	07-11189		—			—		—			—		—
Island Metal Fabricating, Inc.	07-11190		—			—		—			—		—
Rotorex Company, Inc.	07-11191		—			—		—			—		—
Trion, Inc.	07-11192		—			—		—			—		—

Net Accounts Receivable of the Debtors		$	(515	)	$	8	$	(36	)	$	3,154	$	2,611

Other Reconciling items ¹													—

Gross Accounts Receivable												$	2,611


¹		Includes adjusting journal entries, deposits collected during month, certain accounts with credit balances and A/R balances related to IAQ Residential and IAQ Canada

²		Related to licensing fees

Fedders North America, Inc. et al.
VI. Summary of Unpaid Post Petition Debts as of 6/30/2008
($000’s)


		Days Old
Legal Entity	Case Number	less than 30		31-60			61-90		91+		Total
Fedders North America, Inc.	07-11176	$	31	$	(5	)	$	—	$	—	$	26
Columbia Specialties, Inc.	07-11177		—		—			—		—		—
Emerson Quiet Kool Corporation	07-11178		9		(2	)		5		50		62
Envirco Corporation.	07-11179		—		—			—		—		—
Eubank Coil Company	07-11180		—		—			—		—		—
Fedders Addison Company, Inc.	07-11181		—		—			—		—		—
Fedders Corporation	07-11182		1,198		44			14		1,440		2,696
Fedders Holding Company, Inc.	07-11183		—		—			—		—		—
Fedders, Inc.	07-11184		6		(0	)		1		10		16
Fedders International, Inc.	07-11185		—		—			—		2		2
Fedders Investment Corporation	07-11186		—		—			—		—		—
Fedders Islandaire, Inc.	07-11187		—		—			—		—		—
Fedders Outlet, Inc.	07-11188		—		—			—		—		—
Herrmidifier Company, Inc.	07-11189		—		—			—		—		—
Island Metal Fabricating, Inc.	07-11190		—		—			—		—		—
Rotorex Company, Inc.	07-11191		—		—			—		—		—
Trion, Inc.	07-11192		—		—			—		—		—

Total Aging		$	1,244	$	37		$	20	$	1,502	$	2,802

Other Reconciling Items ¹												206

Total Unpaid Post Petition Debts											$	3,008


¹		Relates to AP checks outstanding, open Purchase Orders, accrued AP and adjusting journal entries

Fedders North America, Inc. et al.
VII. Advisory Fees and Expenses Paid for the Month Ending 06/30/2008
($000’s)


Vendor	6/30/08		Cumulative ¹
Saul Ewing	$	387	$	2,739
Cole Schotz		190		419
Barrier Advisors ²		103		907
Alvarez and Marsal ³		203		2,650
Sitirck And Company		1		112
Chanin Advisors/ Duff & Phelps		—		598
Buck Consulting		—		74
UHY		38		196
Weil, Gotshal & Manges ²		—		1,065
Richards Layton & Finger		—		42
Mesirow Financial		100		804
Brown Rudnick		45		521
Lowenstein Sandler		51		272
Greenberg Traurig		4		57
Haynes & Boone		—		249
Logan & Company		86		421
Fasken Martineau Dumoulin		19		85
US Trustee		—		114
Other		—		196

Total Advisory Fees Paid	$	1,227	$	11,521


¹		Cumulative advisory fee payments since 8/22/2007

²		Paid pursuant to Credit Agreement

³		Alvarez and Marsal retained under Section 363 of the Bankruptcy Code

Fedders North America, Inc. et al.
VIII. Book Balance Cash Listing & Bank Reconciliation as of 06/30/2008
($000’s)

Case #

Legal Entity

Institution

Account #

Description

06/30 Book Balance

Reconciled

Comment

07-11176

Fedders North America, Inc.

Bank of America

4426398732

Misc. Deposits

—

7/21/2008

Active

07-11178

Emerson Quiet Kool Corporation

JPMorgan Chase

000000601224090

US$-

7/21/2008

Active

07-11178

Emerson Quiet Kool Corporation

Bank of America

4426439109

Credit Card

7/21/2008

To be closed in Aug.

07-11178

Emerson Quiet Kool Corporation

07-11180

Eubank Coil Company

Mellon Bank

786234

Depository - Lockbox

—

7/21/2008

In process of closing

07-11180

Eubank Coil Company 1

07-11181

Fedders Addison Company, Inc.

Mellon Bank

078-6234

—

2/15/2008

In process of closing

07-11181

Fedders Addison Company, Inc.

Petty Cash

2/15/2008

07-11181

Fedders Addison Company, Inc. 2

07-11176

Fedders North America, Inc.

JPMorgan Chase

601224090

Disbursement

—

7/30/2008

Active

07-11176

Fedders North America, Inc.

American Beacon

222103510

Investment

—

7/30/2008

Inactive - Open

07-11176

Fedders North America, Inc.

Institutional Cash Distributors

752-80027

Investment

—

7/30/2008

Active

07-11176

Fedders North America, Inc.

Reserve Funds

75225813

Investment

—

7/30/2008

Inactive - Open

07-11176

Fedders North America, Inc.

SRS Institution

4032400017426

Investment

—

7/30/2008

Inactive - Open

07-11176

Fedders North America, Inc.

Treasury Point

5621330

Investment

—

7/30/2008

Inactive - Open

07-11180

Eubank Coil Company

Mellon Bank

786234

Depository - Lockbox

—

7/30/2008

In process of closing

07-11180

Eubank Coil Company

Mellon Bank

1045294

Depository - Lockbox Fees

7/30/2008

In process of closing

07-11182

Fedders Corporation

Bank of America

4426398732

Concentration

7/30/2008

Active

07-11182

Fedders Corporation

Bank of America

4426398745

Depository - Lockbox

7/30/2008

To be closed in July

07-11182

Fedders Corporation

Bank of America

4426398981

Payroll

7/30/2008

Active

07-11182

Fedders Corporation

Bank of America

4426470061

Utility Escrow Acct

7/30/2008

Active

07-11182

Fedders Corporation

JPMorgan Chase

9102676799

Main Controlled Disbursement Acct

7/30/2008

Active

07-11182

Fedders Corporation

JPMorgan Chase

601224124

Disbursement

—

7/30/2008

Active

07-11182

Fedders Corporation

Institutional Cash Distributors

752-80099

Investment

29,416

7/30/2008

Active

07-11182

Fedders Corporation

Fidelity

80208846

Investment

—

7/30/2008

Inactive - Open

07-11182

Fedders Corporation

Merrill Lynch

32503274

Investment

—

7/30/2008

Inactive - Open

07-11182

Fedders Corporation

Janus

881235094

Investment

—

7/30/2008

Inactive - Open

07-11182

Fedders Corporation

Standard Life

Feda100037

Investment

—

7/30/2008

To be closed in Aug.

07-11182

Fedders Corporation

Wachovia London

4852166

Depository Euro Account

7/30/2008

Active

07-11182

Fedders Corporation

Wachovia London

4852026

Depository -US$

7/30/2008

Active

07-11182

Fedders Corporation

Wachovia London

4852036

Depository - British Pounds

7/30/2008

Active

07-11184

Fedders Inc.

Royal Bank of Canada

7270001777

Depository -US$

7/30/2008

Active

07-11192

Trion, Inc.

JPMorgan Chase

601829013

Disbursement

—

7/30/2008

To be closed in Aug.

07-11182

Fedders Corporation

Petty Cash

7/30/2008

07-11182

Fedders Corporation Total

29,722

07-11184

Fedders, Inc.

Royal Bank of Canada

1664200

Depository Ca$

—

7/21/2008

Active

07-11184

Fedders, Inc.

Royal Bank of Canada

1663400

Depository - Ca$

212

7/21/2008

Active

07-11184

Fedders, Inc.

Royal Bank of Canada

9431

Payroll Ca$

—

7/21/2008

To be closed in Aug.

07-11184

Fedders, Inc.

Royal Bank of Canada

4033577

Depository -US$

7/21/2008

Active

Fedders, Inc.

Petty Cash

7/21/2008

07-11184

Fedders Inc.

214

07-11185

Fedders International, Inc.

Wachovia London

4854026

Depository -US$

7/7/2008

Active

07-11185

Fedders International, Inc.

Wachovia London

4854166

Depository Account

7/7/2008

Active

07-11185

Fedders International, Inc.

07-11187

Fedders Islandaire, Inc.

Petty Cash

1/18/2008

07-11187

Fedders Islandaire, Inc. 3

30,044


¹		Business was sold on 1/18/08

²		Business was sold on 2/15/08

³		Business was sold on 1/18/08

⁴		Business was sold on 6/19/08

Fedders North America, Inc. et al.
IX. Debtor Qurestionnaire for the Period Ending 6/30/2008


Must be completed each month	Yes	No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.		X

2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.		X

3. Have all post petition tax returns been timely filed? If no, provide an explanation below.	X

4. Are workers compensation, general liability and other necessary insurance coverage’s in effect? If no, provide an explanation below.	X

5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.	X ¹


¹		New investment account was opened for the segregated Supplemental Retirment Plan assets

X. ATTESTATIONS REGARDING MONTHLY OPERATING REPORT

I submit this attestation in connection with the attached Monthly Operating Report:

1. To the best of my knowledge, for June, 2008, Fedders North America, Inc. has completed the reconciliation of all bank accounts for which bank statements have been received as of the date of this report. As part of such reconciliation, the ending balance reflected on each bank statement was reconciled to the Debtor’s accounting records.

2. To the best of my knowledge, Fedders North America, Inc., et al., has made all requisite post-petition tax payments on a timely basis, except where noted in this report.



		Name: Robert Laurent
		Title: Chief Financial Officer

FEDDERS CORP /DE 8-K